Jamna Auto Industries Ltd. has received an update on a tax matter, with the Principal Commissioner (Appeals-II) upholding a demand of ₹3,53,29,906 along with interest and penalty. This decision pertains to an earlier Show Cause Notice concerning alleged excess availment of input tax credit. The company plans to file an appeal and is seeking legal counsel. No material impact on financials or operations is anticipated at this stage.
Tax Litigation Update
Jamna Auto Industries Ltd. has provided an update regarding a tax dispute, following previous disclosures on July 13th, 2023, July 14th, 2023, and January 2nd, 2024. This update relates to a Show Cause Notice (SCN) originally issued on August 22, 2022, by the Commissioner of GST and Central Excise.
Details of the Order
An order dated December 29, 2023, from the Additional Commissioner Central Excise, had initially confirmed a demand of ₹4,06,27,815, along with interest and penalty totaling ₹51,87,434. The SCN primarily concerned allegations of excess input tax credit availed due to discrepancies between GSTR 3B and GSTR 2A filings, among other matters. The company had filed an appeal against this order.
Appeal Outcome
In a subsequent order dated September 9, 2026, received by the company on September 17, 2026, the Principal Commissioner (Appeals-II) has confirmed a demand of ₹3,53,29,906, including associated interest and penalty of ₹46,57,573. This amount represents a portion of the total demand originally raised.
Company’s Next Steps
Jamna Auto Industries Ltd. intends to file a further appeal against this latest order and is actively seeking legal advice. The company has stated that there is currently no material impact expected on its financials, operations, or other business activities as a result of this development.
Source: BSE
